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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating activities:    
Net income $ 241 $ 160
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 350 353
Operating lease expense 48 57
Equity losses of affiliates 3 33
Cash distributions received from affiliates 3 5
Impairment charges 24 0
Deferred income taxes and taxes payable 67 17
Other, net 13 24
Change in operating assets and liabilities, net of acquisitions:    
Receivables and other assets (69) (351)
Inventories, net 50 (11)
Accounts payable and other liabilities (425) (126)
Net cash provided by operating activities 305 161 Close
Investing activities:    
Capital expenditures (236) (217)
Acquisitions, net of cash acquired (20) (15)
Investments in equity affiliates and other, net (22) (92)
Proceeds from property, plant and equipment and other asset dispositions 0 8
Other, net 0 (21)
Net cash used in investing activities (278) (337) Close
Financing activities:    
Borrowings 1,049 407
Repayment of borrowings (1,044) (462)
Repurchase of shares (56) (178)
Dividends paid (85) (89)
Other, net (8) 10
Net cash used in financing activities (144) (312) Close
Net change in cash and cash equivalents (117) (488) Close
Cash and cash equivalents, beginning of period 1,833 1,822
Effect of exchange rate changes on cash and cash equivalents 8 (6)
Cash and cash equivalents, end of period $ 1,724 $ 1,328